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Why Right Now Is the Best Time Ever to Start a Business

By Carlo Castille 2 weeks ago


4 min read

Opinions expressed by Entrepreneur contributors are their own.


“I am really concerned about starting a new company right now. I think the world is too unstable and it’s just too risky,” a very close friend of mine was relaying to me the other day. “I have a job. I don’t want to voluntarily quit, have my company fail and then struggle to find something on the other side.”

“You need to look at things differently,” I responded. “You need to look at the extraordinary opportunities and the lower barriers to entry for starting a company right now. You can have access to people and talent that you would not have had previously.” 

“Yes, I know, but I am still worried,” my friend immediately responded. “I guess I want to have my cake and eat it.” 

As technology futurist Kevin Kelly would say, right now

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How To Start Your Own Business

By Carlo Castille 4 months ago

Learn how to open your own business, and find programs to help military veterans and minorities get started.

Start a Business

Building your own business from the ground up is an exciting opportunity, but it can also be challenging.   

Follow the 10 steps from the Small Business Administration (SBA) to starting a business. You’ll learn about writing a business plan, determining the legal structure of your business, and more.

Avoid common mistakes and get advice from experienced small business owners who want to help. Local SBA partner organizations offer free access to mentors and trainers.

The following tips and checklists can help you with other important parts of the process.

Business Funding Options

Learn about a wide range of funding options to help start your business, such as government-guaranteed loans, grants, and other financial assistance.

Tax Requirements to Start a Business

It’s important for your business to comply with federal,

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Where to start a new business? The 10 best and worst states for entrepreneurs

By Carlo Castille 6 months ago

iStockphoto


By Elyssa Kirkham/GOBankingRates

Entrepreneurship is a cornerstone of the American economy, and it has reached record heights in recent years. Becoming an entrepreneur is a dream for many Americans; two in five employees hope to someday strike out on their own, according to a survey from the University of Phoenix Business School.

But starting a business is a serious undertaking, and part of launching a company means getting an idea of how well your state fosters new businesses and startups. To find out which states are the best or worst for entrepreneurs, GOBankingRates conducted a study that looked at the startup opportunities, existing small businesses, business tax climate and other factors in each state.

Based on the study’s findings, GOBankingRates generated this ranking of the best and worst states for entrepreneurs.

Location is a major factor of success when starting a new business. The 10 best states for business

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The first 5 steps entrepreneurs should take to start a small business

By Carlo Castille 6 months ago

  • You have a great idea for a business — now you just need to launch it.
  • Business Insider spoke with four business owners and experts to learn the best steps to take to build your company from the ground up.
  • These include figuring out how to structure your business — whether it’s a partnership or LLC, for example — as well as registering your business’ name and obtaining an employer identification number.
  • Next, you should open up a bank account specifically for your business and implement a cloud-based bookkeeping system.
  • Click here for more BI Prime stories.

You’ve come up with a brilliant idea for a product or service. You’ve done your research and identified your audience as well as your competition. Perhaps you’ve created a business plan, which is a smart move if you’re hoping to secure financial backing. 

If you’re ready to take the leap and launch your

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The 10 Most Popular New Businesses for Entrepreneurs to Start

By Carlo Castille 6 months ago

Dreaming of starting a business and wondering what kind it should be? We can’t answer that, but we can tell you the types of businesses other entrepreneurs are most interested in starting.

Every month, more than a million people visit Bplans and search among sample business plans for more than 500 types of businesses. And every year, Palo Alto Software, which owns the site, tracks which searches are most popular and publishes the top 10. It’s a fascinating look into the types of businesses most of us dream of starting, and how those dreams have changed over time.

Top 10 business-plan searches for 2014:

  1. Services
  2. Restaurant, Café, and Bakery
  3. Retail and Online Store
  4. Medical and Health Care
  5. Manufacturing
  6. Nonprofit
  7. Bar and Nightclub
  8. Farm and Food Production
  9. Wholesale and Distributor
  10. Construction and Engineering

It’s a no-brainer that Services tops the list, says Sabrina Parsons, Palo Alto Software CEO. “It’s always the

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5 Online Businesses You Can Start With No Money

By Carlo Castille 6 months ago

The internet is the great equalizer. In business specifically, it has leveled the playing field. Anyone can start a money-making online business—anyone with a computer, that is. But here’s the thing: virtually no technical experience is needed. Today there are plenty of tools you can use to build an online business that makes the technical work a lot easier than it was in the past.

You can also live anywhere you want, set your own schedule, and work as little or as much as you want, depending on how fast or big you want your business to grow. No business or marketing experience is needed either. It’s a truly democratic medium for entrepreneurship.

Best of all, unlike a brick-and-mortar business, you don’t need a lot of startup capital. In fact, you can get many internet businesses up and running with no money at all because so many free services facilitate

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Do You Really Want to Start a Fashion Business? | The Basics, Education

By Carlo Castille 6 months ago

LONDON, United Kingdom — In Part One of Fashion Business Basics, Imran Amed explains what budding fashion entrepreneurs need to know before they start their own label.

KEY LEARNINGS: Deciding whether to start a fashion business requires a lot of upfront thinking. Here are the things you need to know first:

1. Starting a fashion business is an intense, all-encompassing experience:

Running a small fashion business is a 24 hours a day, 7 days a week commitment requiring militant self-discipline. You will need to think of yourself as a CEO first and will likely spend less than 10 percent of your time designing. You will have to oversee all aspects of the business, not just the creative parts. It is an exciting, exhilarating experience, but not a decision that should be taken lightly.

2. There are four key steps in the fashion value chain:

  • Design & Development: This includes designing
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Entrepreneur Magazine Subscription Discount | Start, Run, and Grow Your Business

By Carlo Castille 6 months ago

Entrepreneur magazine is a quality resource for aspiring entrepreneurs as well as those who already have their new business. Every issue of this subscription has interesting and informative articles that will help you improve your personal business strategy. There are features about marketing, growing your business, becoming the leader that you want to be, financial issues that impact many businesses, better business technology, and many other topics. This periodical has all that you need to start your new business. Order your discount subscription to Entrepreneur magazine today!

Marketing, Growth, and Strategy

Entrepreneur magazine has many great suggestions for new business owners for how you can promote your business and market it to consumers. You will enjoy reading all the articles about innovation, insurance, branding, advertising, customer service, marketing basics, sales, and many other topics. Regardless of how long you have been a business owner, you will benefit from having a

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101 Perfect Small Business Ideas You Can Start in the Philippines

By Carlo Castille 6 months ago

small business ideas philippines

So you finally decided to be your own boss? That’s many people’s dream. If you’re still searching for the best business to start this year, this post will help you. We will uncover a huge list of best small business ideas this 2019 to help you finally decide what opportunity to take.

Funny thing that many people’s ultimate goal is to have their own business but only few of them (one of which is you, congratulations!) are actually planning what business to start. Presented in this post is the best list of small business ideas in the Philippines you can start even at the comfort of your home.

The best time to start a business is 8 years ago.. The second best time to put up your business is NOW

The fact that you’re here reading this post, there is some entrepreneurial spirit sleeping in you. You just need to

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How To Start A Successful Cleaning Business

By Carlo Castille 6 months ago

In this article, you’ll find tips for starting a housecleaning business, including:

Becoming a housekeeper sounds simple. You apply to cleaning jobs on sites like Care.com and slowly start to build a group of clients who pay you to clean their houses. But if you want to make a good living in this career, you need to stop thinking like a housekeeper and start thinking like a small business owner.

Setting up a small business can be a daunting challenge and most people don’t know where to start. There are start-up costs, business licenses, advertising, etc. — all before doing any actual cleaning.

Delores Garcia*, a housekeeper in Las Vegas, and Tammy Wright*, a small-business owner in Denver, have been through it all. Garcia started out working in various casinos as a housekeeper before deciding to open her own business. After two years, she almost has more clients than she

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